Rebates for September
10-05-2006, 03:14 PM
#28
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Originally Posted by FE9000
Just check the Mazda's website. I think the 1000 MAC finance rebate is for mazda 6. RX8 is still $500.
10-06-2006, 10:08 AM
#31
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Originally Posted by PRL 84U
1000 if you finance through mazda
They're not doing you a favor by financing thru Mazda. The $1000 you save initially on the sale price is made up for in the financing. See for yourself. A person with good credit should be getting a rate in the 6.5-6.75% range. Whats the rate if financed thru Mazda?---->7.99% and up
Last edited by M23RX8; 10-06-2006 at 10:11 AM.
10-06-2006, 10:22 AM
#33
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675 is below average.... that could be why the rate is no bueno.
Dont buy the car at sticker price, buy it at dealer invoice - all rebates...
Originally Posted by SFjrice16
How so?
10-06-2006, 10:40 AM
#35
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Originally Posted by nycgps
here is what people should do.
Buy the car at invoice, get the thing thru MAC.
then u go out and refinance with some other company who gives you lower interest rate.
Pay off the MAC thing and be happy.
Buy the car at invoice, get the thing thru MAC.
then u go out and refinance with some other company who gives you lower interest rate.
Pay off the MAC thing and be happy.
Perfect, good to know theres a few people out there that think just like i do..
We a rare breed.
10-06-2006, 10:51 AM
#36
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I got a financing rate of 1.9% for 4 years. But I'm in Ontario so I'm still getting screwed by the tax and the higher Canadian price for the same vehicle.
10-06-2006, 10:56 AM
#37
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Originally Posted by nycgps
here is what people should do.
Buy the car at invoice, get the thing thru MAC.
then u go out and refinance with some other company who gives you lower interest rate.
Pay off the MAC thing and be happy.
Buy the car at invoice, get the thing thru MAC.
then u go out and refinance with some other company who gives you lower interest rate.
Pay off the MAC thing and be happy.
- S Plan Pricing
-$500 Gerber rebate
-$1000 MAC rebate
-Refinanced a month later.
10-06-2006, 12:13 PM
#39
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Won't the bank charge you a higher rate for refinancing than buying the new car? New vs. used rates can differ by a full point easily. If you're refinancing will the bank still give you the new car rate?
You'd probably still come out ahead by taking the $1000 + refinance but not by as much.
You'd probably still come out ahead by taking the $1000 + refinance but not by as much.
10-06-2006, 12:37 PM
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Originally Posted by PRL 84U
Yeah, the plan would be definitely to refinance out of MAC. For those who have done this before, there is no prepayment penalty correct?
10-06-2006, 12:39 PM
#41
Originally Posted by map
Won't the bank charge you a higher rate for refinancing than buying the new car? New vs. used rates can differ by a full point easily. If you're refinancing will the bank still give you the new car rate?
You'd probably still come out ahead by taking the $1000 + refinance but not by as much.
You'd probably still come out ahead by taking the $1000 + refinance but not by as much.
10-06-2006, 05:40 PM
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Originally Posted by ZoomZoomH
depends on the bank you refinance with. my local credit union offers identical rates (I think 5.75 or 6, forgot) for both new car and refi loans
When the first bill comes from MAC that's when i pay the whole thing off with the refinance right? Should i hide the fact that I plan on doing this from the dealer? For $500 i wasn't going to bother with MAC but now that it's $1000 i will.
Sorry I have so many questions. I've never financed anything before, and this finance then immediately refinance is a little confusing. How much interest extra interest will I end up paying mazda for one month considering the rate differences?
10-09-2006, 04:50 PM
#43
My dealership didn't care if I refinanced after and I did not hide that I refinanced with my credit union.
To calculate how much extra interest, try this:
http://www.mw-plus.com/webdic.php
I'm pretty sure it won't be more than 50 bucks or so difference.
To calculate how much extra interest, try this:
http://www.mw-plus.com/webdic.php
I'm pretty sure it won't be more than 50 bucks or so difference.
Last edited by balefire; 10-09-2006 at 06:14 PM.
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